Ryder International Corporation, a Corporation v. First American National Bank
Court of Appeals for the First Circuit
1Opinion of the Court
ENGEL, Senior Circuit Judge.
On August 16, 1989, Ryder International Corporation filed suit in district court against First American National Bank, asserting violations of both federal and state securities laws, among other claims. The claims arose from the purchase by Ryder of approximately $400,000 of commercial paper issued by Integrated Resources, Inc., a publicly held company which defaulted on its commercial paper obligations in June of 1989. The Integrated commercial paper was one of a dozen or so securities offered by First American to those customers seeking higher returns than the…
2Cases cited41 opinions
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- Ernst & Ernst v. HochfelderSupreme Court of the United States · 1976
- Touche Ross & Co. v. RedingtonSupreme Court of the United States · 1979
- Herman & MacLean v. HuddlestonSupreme Court of the United States · 1983
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